Piper Aircraft Reports Growth in Q2 Deliveries, Revenue

Vero Beach company said its diverse model lineup attracts a wide range of pilots.

Friday, August 18, 2023 at 11:44 AM ET

Verified

Piper said demand for its M-Class aircraft helped drive an increase in second-quarter deliveries. [Credit: Shutterstock]

Key Takeaways:

Piper Aircraft reported significant growth in Q2 compared to the previous year, with aircraft deliveries increasing by almost 14% and revenue rising by over 19%.
This strong performance was fueled by high demand for both Piper's M-Class high-performance models and its training aircraft.
The company has substantial backlogs, with M-Class orders extending into 2024 and trainer aircraft backlogs reaching late 2025 and 2026.
International deliveries also saw a considerable boost, increasing by 50% compared to Q2 of the previous year.

See a mistake? Contact us.

Piper Aircraft Inc. released its aircraft delivery and revenue results for the second quarter, which increased compared with the same period in 2022. The company said its performance improved “across all metrics” as the overall general aviation market continued to stabilize.

Piper’s airplane deliveries for the recent quarter increased by seven, or almost 14 percent, while revenue rose by $9 million, or more than 19 percent. The results reflect strong demand for Piper’s M-Class high-performance top-endtop-ene models as well as its training aircraft.